Kraken Robotics (OTCMKTS:KRKNF) Stock Rating Upgraded by ATB Cormark Capital Markets

Kraken Robotics (OTCMKTS:KRKNF – Get Free Report) was upgraded by ATB Cormark Capital Markets from a “strong sell” rating to a “hold” rating in a note issued to investors on Friday,Zacks.com reports.

Separately, Scotiabank upgraded shares of Kraken Robotics to a “strong-buy” rating in a research note on Tuesday, July 7th. One investment analyst has rated the stock with a Strong Buy rating, one has assigned a Buy rating and three have assigned a Hold rating to the company’s stock. According to MarketBeat, the company presently has an average rating of “Moderate Buy”.

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Kraken Robotics Stock Performance

Shares of KRKNF stock opened at $3.85 on Friday. Kraken Robotics has a 52 week low of $2.39 and a 52 week high of $8.13. The company has a 50-day simple moving average of $4.40 and a 200 day simple moving average of $5.40. The company has a debt-to-equity ratio of 0.10, a quick ratio of 1.27 and a current ratio of 1.37. The company has a market capitalization of $1.43 billion and a price-to-earnings ratio of -385.00.

Kraken Robotics (OTCMKTS:KRKNF – Get Free Report) last released its quarterly earnings results on Thursday, August 27th. The company reported $0.01 earnings per share for the quarter, hitting the consensus estimate of $0.01. Kraken Robotics had a positive return on equity of 0.31% and a negative net margin of 6.91%.The business had revenue of $19.23 million during the quarter, compared to analysts’ expectations of $18.52 million. On average, sell-side analysts predict that Kraken Robotics will post 0.05 earnings per share for the current year.

Kraken Robotics Company Profile

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Kraken Robotics Ltd. is a marine technology company headquartered in St. John’s, Newfoundland and Labrador, Canada. The company specializes in the design, development and manufacture of advanced underwater robotic platforms and sensor systems. Kraken’s solutions are built to support a range of subsea activities, from high-resolution seabed mapping and inspection to autonomous data collection and remote operations.

Kraken’s product suite includes synthetic aperture sonar, side-scan and interferometric sonar arrays, laser imaging systems, and acoustic ranging sensors, as well as autonomous underwater vehicles (AUVs) and remotely operated vehicles (ROVs).

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